PGIM Real Estate -Senior Director, Originations

Prudential Financial • Chicago, IL

4d • Hybrid

About The Position

PGIM Real Estate is seeking an experienced and driven Senior Director for its High Yield Debt Originations team. This role can be based in Chicago, IL; Arlington, VA; or Dallas, Texas. The Senior Director will be responsible for sourcing and originating commercial real estate high yield debt investments, including mezzanine, bridge, and preferred equity, for various investors. The position also involves serving as a high yield resource to regional Originations teams, partnering on internal referrals, and developing a marketing strategy to generate high yield investments across the platform. PGIM's high yield real estate credit platform has surpassed $10 billion in AUM and is expected to grow significantly.

Requirements

• Minimum 7 years of experience in commercial real estate lending, with a track record of originating and closing high yield debt.
• A network of borrower and intermediary relationships in the high yield market.
• Strong quantitative skills and demonstrated analytical ability.
• Excellent organizational skills and attention to detail with ability to manage multiple projects simultaneously.
• Outstanding written and oral communication skills.
• Ability to work both independently and as an integral member of a team.

Nice To Haves

• MBA from a top program; concentration, major or focus in finance and/or real estate.
• Proficiency in MS Office applications (Excel, Word and PowerPoint) strongly preferred.

Responsibilities

• Source and originate commercial real estate high yield debt investments (mezzanine, bridge, and preferred equity) for PGIM's various investors, both directly and through internal partnerships.
• Manage all aspects of the loan origination process, including analysis and underwriting, debt structuring, pricing strategy, presentations to senior management, due diligence review, transaction negotiation and closing.
• Serve as a high yield debt expert to Originations loan officers across the platform, partnering with them to develop and execute a marketing strategy that generates high yield investments.
• Develop relationships with prospective borrowers and intermediaries focused on the high yield market, while maintaining and building enduring relationships with existing clients across the platform.

Benefits

• Market competitive base salaries, with a yearly bonus potential at every level.
• Medical, dental, vision, life insurance, disability insurance, Paid Time Off (PTO), and leave of absences, such as parental and military leave.
• 401(k) plan with company match (up to 4%).
• Company-funded pension plan.
• Wellness Programs including up to $1,600 a year for reimbursement of items purchased to support personal wellbeing needs.
• Work/Life Resources to help support topics such as parenting, housing, senior care, finances, pets, legal matters, education, emotional and mental health, and career development.
• Education Benefit to help finance traditional college enrollment toward obtaining an approved degree and many accredited certificate programs.
• Employee Stock Purchase Plan: Shares can be purchased at 85% of the lower of two prices (Beginning or End of the purchase period).
• Eligibility to participate in a discretionary annual incentive program is subject to the rules governing the program, whereby an award, if any, depends on various factors including, without limitation, individual and organizational performance.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior